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Course description

Regulation CC imposes limits on the holds a bank can place on deposits of checks to transaction accounts. When tellers fail to place holds on deposits permitted under a bank’s funds availability policy, they increase the risk of losses due to bounced or fraudulent checks. When they place holds that aren’t permitted under the regulation, there’s added risk of litigation by bank depositors. It’s critically important that tellers understand and comply with your bank’s policy on funds availability, and that the policy complies with the Regulation CC restrictions.

This basic-level presentation on holds for tellers covers the current Regulation CC limits on deposit holds. Attendees will receive information helping them understand:

  • The impact of Regulation CC on both consumer and non-consumer accounts
  • The account types affected by the regulation
  • Deposits that are not subject to Regulation CC, but …
  • Banking days and business days under the regulation
  • The concept of “available” funds
  • Their bank’s Funds Availability Policy disclosure
  • Deposits that receive same day availability
  • Which deposits must get “next day” availability
  • The $200 and $400 rules
  • Case-by-case holds
  • Exception holds
  • Notices of holds
  • And more ….


Compliance officers, New accounts personnel, head tellers, tellers, training officers


John Burnett

John Burnett is a 1979 alumnus of the ABA National Compliance School, and served on its faculty for several years. He graduated with honors with the Class of 1990 from ABA's Stonier Graduate School of Banking, and is also a graduate of the BAIs and the Massachusetts Banker Associations Schools of Banking.John began his banking career in high school when he started as a teller at a $15 million bank that didn't have account numbers for its checking accounts (he says they actually filed by signature!) He joined Cape Cod Bank and Trust Company in 1971 and assumed the position of Compliance Officer in 1976. He also served as corporate secretary and secretary of CCBT's Board of Directors, as well as Clerk of the bank's holding company. John joined Glia Group, Inc. and the team in June, 2004. He is a frequent presenter of BOL Learning Connect webinars, and at BOL Conferences events.He was a member of the Massachusetts Bankers Association Legal and Regulatory Compliance Committee, and a former member of the American Bankers Association Compliance Executive Committee and NCS/NGCS Advisory Board. He served on ABA's Truth in Savings Task Force as Regulation DD was being written, and has served on several ABA and Massachusetts Bankers seminar panels.

Course curriculum

  • 1


    • Holds for Tellers

  • 2


    • Attendance Sheet

    • Materials

    • Questions and Answers

    • Slides